TYLER TECHNOLOGIES, INC. (NYSE:TYL) Files An 8-K Other Events
Item 8.01 Other Events
Technologies, Inc. (Tyler), and his wife Claudia Babiarz, as
trustees for various Leinweber family trusts, adopted a Rule
10b5-1 trading plan (the Plan) with a broker to sell up to
216,000 shares of Tyler common stock, which represents
approximately 13.2% of Mr. Leinwebers holdings of Tyler common
stock (including vested and unvested options). Mr. Leinweber and
his wife entered into the Plan in their fiduciary capacities as
part of a long-term investment strategy for asset diversification
and liquidity for each of the various family trusts.
of six trading periods. The six trading periods begin on April
10, May 10, June 10, July 10, August 10, and September 10, 2017,
respectively, and terminate on November 10, 2017, when the Plan
is scheduled to terminate. Mr. Leinweber and his wife will have
no control over the timing of stock sales under the Plan;
however, the brokerage firm shall not sell any shares at any
price below $155.00 per share. Any transactions under the Plan
will be reported by Mr. Leinweber through individual Form 4
filings with the Securities and Exchange Commission.
Exchange Act of 1934 and Tylers insider trading policy. Rule
10b5-1 allows corporate insiders to establish prearranged written
stock trading plans. A Rule 10b5-1 plan must be entered into in
good faith at a time when the insider is not aware of material,
nonpublic information. Subsequent receipt by the insider of
material, nonpublic information will not prevent prearranged
transactions under Rule 10b5-1 from being executed.
About TYLER TECHNOLOGIES, INC. (NYSE:TYL)
Tyler Technologies, Inc. is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications. It operates through two segments: The Enterprise Software Solutions segment, which provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, planning regulatory and maintenance, and land and vital records management, and The Appraisal and Tax Software Solutions and Services segment, which provides systems and software that automate the appraisal and assessment of real and personal property, as well as property appraisal outsourcing services for local governments and taxing authorities. TYLER TECHNOLOGIES, INC. (NYSE:TYL) Recent Trading Information
TYLER TECHNOLOGIES, INC. (NYSE:TYL) closed its last trading session down -1.22 at 155.27 with 270,890 shares trading hands.
